Anheuser Busch Inbev NV (NYSE:BUD) Short Interest Down 19.8% in August
Anheuser Busch Inbev NV (NYSE:BUD) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 6,375,800 shares, a drop of 19.8% from the July 31st total of 7,953,300 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 1,550,000 shares, the days-to-cover ratio is presently 4.1 days.
Large investors have recently added to or reduced their stakes in the company. Raymond James Trust N.A. increased its position in Anheuser Busch Inbev by 3.0% during the 2nd quarter. Raymond James Trust N.A. now owns 8,156 shares of the consumer goods maker’s stock worth $722,000 after purchasing an additional 240 shares in the last quarter. AE Wealth Management LLC purchased a new stake in Anheuser Busch Inbev during the 2nd quarter worth about $419,000. Rockefeller Capital Management L.P. increased its position in Anheuser Busch Inbev by 683.5% during the 1st quarter. Rockefeller Capital Management L.P. now owns 3,134 shares of the consumer goods maker’s stock worth $263,000 after purchasing an additional 2,734 shares in the last quarter. MML Investors Services LLC increased its position in Anheuser Busch Inbev by 32.2% during the 1st quarter. MML Investors Services LLC now owns 17,294 shares of the consumer goods maker’s stock worth $1,452,000 after purchasing an additional 4,214 shares in the last quarter. Finally, Court Place Advisors LLC purchased a new stake in Anheuser Busch Inbev during the 2nd quarter worth about $204,000. 4.37% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on BUD shares. Argus raised Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a report on Thursday, May 30th. Zacks Investment Research downgraded Anheuser Busch Inbev from a “buy” rating to a “hold” rating and set a $99.00 price target for the company. in a research note on Monday, September 2nd. ValuEngine downgraded Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th. Barclays downgraded Anheuser Busch Inbev from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 27th. Finally, Jefferies Financial Group raised Anheuser Busch Inbev to a “hold” rating and set a $95.00 price target for the company in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $90.66.
Anheuser Busch Inbev (NYSE:BUD) last released its quarterly earnings results on Thursday, July 25th. The consumer goods maker reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. The business had revenue of $13.96 billion during the quarter, compared to the consensus estimate of $13.81 billion. Anheuser Busch Inbev had a return on equity of 21.79% and a net margin of 13.81%. The business’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 EPS. On average, equities research analysts expect that Anheuser Busch Inbev will post 5.06 earnings per share for the current year.
About Anheuser Busch Inbev
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks. The company offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.
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